Let us understand Turn Around of Indian Railways .

A proposal to set up Indian Railway Institute of Financial Management (IRIFM) has been included in the Railway Budget 2013-14 at a cost of Rs. 19.26 crore at Secunderabad. The aims and objectives of setting up this Centralized Training Institute include imparting necessary structured and professional training to the officers of Indian Railways responsible for professional management of finances and accounts to enable them to face the emerging challenges and tap opportunities for strengthening the finances of Indian Railways.

The construction work would be taken up in 2013-14 after the Railway Budget 2013-14 is passed in the Parliament and the Institute is expected to start operation in 2014-15.

This information was given by the Minister of State for Railways Shri Kotla Jaya Surya Prakash Reddy in written reply to a question in Rajya Sabha today.